Reeves, Inc. had 1,000,000 shares of $45 par common stock outstanding. Jan. 1 Repurchased...
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Accounting
Reeves, Inc. had 1,000,000 shares of $45 par common stock outstanding.
Jan. 1 Repurchased 1,000 shares of stock at $55 per share
June 9 Reissued 500 shares of stock at $59 per share
Aug. 11 Reissued 300 shares of stock at $50 per share
Show the journal entry to record the Aug. 11 transaction.
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You can see the logs in the Dashboard.